TraceLink acquires ROC IT to add edge data capture to life sciences supply chain operation
August 15, 2017
TraceLink, which runs a track-and-trace network for connecting the life sciences supply chain and providing real-time information sharing for better patient outcomes, has acquired ROC IT, which specialises in intelligent edge data capture for serialised product inventory in the pharmaceutical supply chain.
The acquisition positions Massachusetts-based TraceLink with an end-to-end platform that enables life sciences companies to capture, process and exchange serialised product data across a digital supply chain network and more effectively manage warehouse product inventory at the edge of the supply chain.
Terms of the deal were not disclosed.
By acquiring New York-based ROC IT and integrating EdgeTrac into its family of serialisation software, TraceLink now offers products for serialised receiving, picking, shipping, returns, deactivation, aggregation, de-aggregation, label printing and tag management of pharmaceutical products, alongside its serialisation software, country compliance offerings and track-and-trace network used by more than 650 global customers to exchange compliance data with more than 255,000 supply chain endpoints.
"We are pleased to welcome ROC IT's founding members, employees and valued customers to TraceLink," said Shabbir Dahod, president and CEO of TraceLink. “As industry pioneers and market leaders, both TraceLink and ROC IT have been working together since the early days of pharmaceutical track and trace, establishing an undeniable synergy with our respective technical superiority, industry knowledge and company cultures.”
He said the acquisition further widened the company’s leadership position by seamlessly merging serialisation capabilities into a comprehensive suite that no other provider could offer.
“As a result, we'll be able to serve broader serialisation challenges of the pharmaceutical industry as well as explore new capabilities for real-time information sharing that support the longer-term business and patient safety goals of our customers," he said.
The specific warehouse operations capabilities now offered by TraceLink as a result of the acquisition include:
- Operational integration across serial number management, EPCIS repository, WMS and master data at scale;
- Inference-driven receiving with configurable audit parameters and optional put away;
- Serialised container management for aggregation, de-aggregation and other re-work;
- Pick and pick-and-pack support with picking confirmation integration with WMS;
- Shipment and shipment verification with optional integration to ERP and WMS;
- ERP and WMS integration, a single integration for all modules and functions;
- Product support for serialised and non-serialised products; and
- Integration for the healthcare and pharmacy community, which streamlines the process of receiving serialised products and data associated with them.
"By joining forces with TraceLink, we have aligned ourselves with the winning team to build an even stronger collaboration to propel the industry forward,” said Larry Hall, co-founder and vice president of ROC IT. “We look forward to this next chapter with TraceLink and ensuring the on-going success of our customers, partners and team by leveraging TraceLink's uncontested industry expertise, proven solutions and global customer success."
Businesses use the TraceLink Life Sciences Cloud to deliver global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point-and-click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations.